futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors – all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you don’t need to worry about fake reviews.

We are fundamentally different than most other trading sites:

We are here to help. Just let us know what you need.

We work extremely hard to keep things positive in our community.

We do not tolerate rude behavior, trolling, or vendors advertising in posts.

We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.

We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community. It's free and simple.

I rarely engage in these kind of discussions as I'm not a fundamental trader - in fact far from it (has no bearing on trading profitably imo)
But I have to ask why you're looking at such a short term chart?

Here's a look at the weekly:

Tells a different story to me. The second test of the 50% retracement level in the past year suggests strength to me.
Sure, we're not likely to see those extreme highs for a long time, but just as we're unlikely to see the waterfall decline of 2007/2008 so soon, as you're suggesting.
Maybe we get a significant correction but I wouldn't rule out a move into the 50's.

Excellent point @Snoop. Longer term charts put things into perspective.

It is really important to extend the current perspective by using longer term charts to identify the key areas of support and resistance. Avoids tunnel vision.